FX.co ★ Indonesia Markets Subdued Ahead of Central Bank Rate Call

Indonesia’s IDX Composite was little changed in Wednesday’s morning session, hovering around 7,543 after two consecutive days of losses, as traders awaited the central bank’s policy decision later today. Policymakers are widely expected to leave the benchmark rate unchanged at 4.75% for a seventh straight meeting, even as inflation risks build amid the ongoing conflict in the Middle East, posing a threat to core price stability. On the domestic market, more than 10 investment managers signaled plans to launch gold ETF products, with several already signing cooperation agreements, highlighting the industry’s strong level of preparedness. Meanwhile, Wall Street closed lower overnight after President Trump extended the Iran ceasefire while maintaining a naval blockade, prolonging market uncertainty. Nearly all sectors traded higher on the local exchange, with the exception of infrastructure. Gains in Kawasan Industri Jababeka (11%), Surya Semesta Internusa (7.7%), and Panin Financial (6.6%) were offset by declines in MD Entertainment (-2.6%), Buana Lintas Lautan (-1.9%), and Petrindo Jaya Kreasi (-1.6%).